The report says that Hyundai Mobis, a Hyundai Motor Group company, will produce the battery pack of the Hyundai Ioniq 5 and Hyundai Ioniq 6 at its first battery plant, located in Ulsan, South Korea. This facility will make battery packs with capacities ranging from 60-90 kWh, which would be 800-volt units capable of 350 kW charging power.
Hyundai Mobis’ Ulsan plant can make 150,000 battery packs annually. Three assembly lines for producing about 50,000 units/per line will be built for the same. Hyundai Mobis has a joint venture company also for manufacturing EV battery packs, called HL Green Power, in partnership with LG Chem. That would allow Hyundai to source about 100,000 additional battery packs a year.
Hyundai Mobis plans to manufacture battery packs for the Hyundai Ioniq 5 and Hyundai Ioniq 6, but not the battery cells. Companies like SK Innovation, LG Chem and Samsung SDI would supply the Lithium cells, suggests the report.
Based on the E-GMP (Electronic Global Modular Platform), the Ioniq models will be the first-ever dedicated Hyundai EVs. The Ioniq 5 will be a compact SUV, while the Hyundai Ioniq 6 will be a next generation sedan. Previewed by the Hyundai 45 concept and Hyundai Prophecy concept respectively, these models will debut in 2021 and 2022 with class-leading space and technologies like solar roof, wireless charging and virtual mirror.
In 2024, a Hyundai Ioniq 7 large SUV would follow as the flagship Ioniq model, and the size of spec makes it ideal for the U.S. market where the demand for large SUVs remain strong.